Median price of existing home sale up more than 5% in September but sales down from a year ago.
Bill Gross is leaving Pimco, the company he co-founded, to manage fixed-income portfolios for Janus Capital Group and build out Janus' fixed-income business.
Once stars like Fidelity's Peter Lynch, Legg Mason's Bill Miller and Pimco's Bill Gross were deified by investors. But many of the most popular products are index funds and ETFs that have no managers at all.
Bill Gross gives Janus much-needed shot in the arm and brings instant credibility to firm that has been all but off the radar.
As new CIO, longtime Pimco manager will have to fill the shoes of an investing legend at a difficult time. <i>Plus:</i> <a href="http://www.investmentnews.com/article/20140926/FREE/140929928/advisers-blindsided-by-gross-departure-as-pimco-faces-rebuilding" target="_blank">Advisers 'blindsided' by Gross departure as Pimco faces rebuilding</a>
In an already rough year, exit of the Bond King could lead to more funds flowing out.
Today's <i>Breakfast with Benjamin</i> sees stock and real estate bubbles on a collision course, gold prices stuck in neutral, Bill Gross cutting Treasury bond exposure, and much more.
More than 600 funds have exposure to Argentina's debt, but consequences may be limited for investors.
Move to Janus was a complete surprise to company, bosses in Germany.
New three-person team at the world's largest bond fund says they can handle outflows and will rely on a similar strategy to the departed Bond King.
Monday <i>Breakfast with Benjamin:</i>Gross, Ivascyn to square off. Plus: The outlook for Pimco outflows is bad and worse, global markets keeping an eye on Hong Kong civil unrest, a warning about fixed indexed annuities, buying ahead of ex-dividend dates, and running the numbers on Roth IRAs
Global StocksPlus & Income Fund slips 9.2% to $22.80
A timeline of the tumultuous 2014 for Gross and Pimco
In today's <i>Breakfast with Benjamin</i>, signs point to a wild month ahead for the markets, Michael Lewis dishes on 'secret' Goldman Sachs tapes, the Alibaba bloom is already off the rose, and more.
Regulator reportedly questions whether fund company artificially boosted returns in its big fixed-income ETF by relying on lofty valuations; smaller firms could be at risk.
$3.6B ETF is reportedly is being investigated over whether it artificially inflated asset prices to boost returns.
Less transparency for new products seems in conflict with the SEC's interest in increased disclosure of mutual fund holdings.
<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.
This edition of <i>Breakfast with Benjamin</i> covers Bill Gross getting beaten at his own game, the SEC's focus on liquid alt funds, Obama's attack on corporate inversions, and more.
